Industrial Pumps Market Growth to reach USD 93,621.5 million by 2026 with CAGR of 5.9% | Suzler Ltd., Titan Manufacturing Inc., Ebara Corp., Schlumberger Ltd., etc.

The global Industrial Pumps market is forecast to reach USD 93,621.5 million by 2026, according to a new report by Reports and Data. Industrial pumps find their application in various sectors and help in mainly transferring liquids from one location to another. Technological trends like the introduction of magnetic drive pumps, intelligent pump systems, and next-generation industrial automation are boosting the growth of this market. Rapid infrastructural development is another driving factor. APAC countries are witnessing rapid construction which in turn is boosting the market for industrial pumps. Demand for industrial pumps from process and manufacturing industries is a significant driving factor. The rise in product energy pumps for the transportation and extraction of oil and natural gas is having a positive effect on the market. Increase in crude oil price is also boosting the demand for the market as it fuels the energy sector's revenue.

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Key participants include Flowserve Corporation (U.S.), Grundfos Holding A/S (Denmark), ITT Inc. (U.S.), Suzler Ltd. (Switzerland), Titan Manufacturing Inc. (U.S.), Ebara Corp. (Japan), Weir Group PLC (Scotland), Schlumberger Ltd. (U.S.), Baker Hughes Inc. (U.S.), and Clyde Union Inc. (Scotland) among others.

For the purpose of this report, Reports and Data have segmented global Industrial Pumps market on the basis of Type, Capacity, End Users and Region:

Type Outlook (Revenue, USD Million; 2018-2026)
o Centrifugal Pumps
o Reciprocating Pumps
o Rotary Pumps
o Diaphragm Pumps

Capacity Outlook (Revenue, USD Million; 2018-2026)
o Small Capacity Pumps
o Medium Capacity Pumps
o High Capacity Pumps

End Users Outlook (Revenue, USD Million; 2018-2026)
o Construction
o Water and wastewater
o Chemicals
o Oil & Gas
o Power Generation
o Others

Regional Outlook (Revenue in USD Million; 2016-2026)
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)

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Growing construction, automotive and manufacturing industries are expected to raise the demand for industrial pumps in Asia Pacific regions. The Indian government has passed a policy for the promotion of FDI investment in the oil and gas sector. This will increase the production of petrochemicals and polymers in the country, hence propelling the demand in this region. Increased investment in desalination plants and waste water is also expected to increase the sale of industrial pumps. Industrial Pumps are also in high demand from the power generation sector.

Further key findings from the report suggest
o The operation of an intelligent motor-pump system in an integrated, coordinated manner can achieve unprecedented and important capabilities for protecting critical processes, process equipment, operations personnel, and the environment. This system also provides a basis for dynamic optimization of critical operating and financial objectives such as long MTBF, low life-cycle cost, or low cost per gallon pumped. Future intelligent systems will provide the basis for next generation CBM systems, future distributed intelligent systems, and autonomous, agent-based systems. These emerging trends are driving increasing automation in the industry
o Centrifugal pumps holds a major share of the Pump Type segment and are expected to maintain this leading position in the Industrial Pump industry during the forecast period
o Water and wastewater treatment plants have a very large market share in the End Use segment. Increase in desalination efforts and regulations curtailing the dumping of industrial wastes will enhance the demand for industrial pumps in this sector
o The construction sector is forecasted to have a high CAGR of 6.1% throughout the forecasted period. The construction boom being seen in the APAC region is pushing the demand for industrial pumps from this sector...Continued

Reasons to buy this market intelligence report:
1. Detailed market evaluation both at regional and global levels.
2. Significant changes in market scenario, along with an extensive competitive analysis
3. Classification of the industry based on product type, application, and region
4. Market segments segregated on the basis of type, application, and geography
5. Comprehensive analysis of the historical data and contemporary market scenario to infer industry size, volume, share, growth, and sales
6. Investigation of significant developments in the market dynamics
7. Market segments and regions

Find the extensive Report Description, TOC and Table of Figure @ https://www.reportsanddata.com/report-detail/industrial-pumps-market

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